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METRO AREA

Panama City Metro

Panama City-Panama City Beach, FL · 2 counties · 231,174 residents (2025 est.) · 1,343.275 sq mi
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The short version

Panama City has lower-than-average household income, with a median household income of $71,687. Population has grown 25% since 2000. Median home value has more than tripled since 2000, reaching $293,695. It sits in the top 10% of US metro areas for household income.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 41.1
US median: 38.9
Less educated
27% hold a bachelor's degree
US average: 36%
Less affordable
home values up 98%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
211,922
+25%since 2000
from 169,190 in 2000
1990 – 2025
Population density
158 / sq mi
+25%since 2000
from 126 / sq mi in 2000
US average: 281
Median age
41.1
+9%since 2000
from 37.6 in 2000
US average: 38.9

PEP 2025 EST:231,174 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
137K158K178K198K219K1990201020202024Panama City
2024212K
1990201020202024
Section 02

Income & economy

Median household income
$71,687
+12%inflation adjusted, since 2000
from $35,079 in 2000
US average: $82,259
1990 – 2024
Per capita income
$39,174
+115%since 2000
from $18,239 in 2000
US average: $44,673
Households earning $100K+
47.2%
+22.9 ptssince 2009
from 24.3% in 2009
US average: 53.3%
Poverty rate
12.5%
−1.3 ptssince 2000
from 13.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.441
+5%since 2010
from 0.420 in 2010
US average: 0.476
Workforce by industry, 2024
Information13.1%
US avg: 10.8%
Wholesale trade9.9%
US avg: 6.9%
Other services7.6%
US avg: 6.7%
Retail trade5.7%
US avg: 9.9%
Finance & insurance4.3%
US avg: 5.9%
Professional, scientific, technical3.9%
US avg: 5.1%
Public administration3.8%
US avg: 4.8%
Transportation & warehousing2.1%
US avg: 2.2%
Arts, entertainment, food1.2%
US avg: 1.9%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.6%
US avg: 1.2%
Education & health services0.4%
US avg: 0.9%
Manufacturing0.1%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$293,695
+98%inflation adjusted, since 2000
from $81,308 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,412
+50%inflation adjusted, since 2000
from $517 in 2000
US average: $1,442
Owner-occupied
68.4%
−1.8 ptssince 2000
from 70.2% in 2000
31.6% rent
Vacancy rate
25.9%
−1.4 ptssince 2009
from 27.3% in 2009
US average: 10.0%
Owner cost-burdened
21.8%
−6.7 ptssince 2009
from 28.5% in 2009
US average: 22.9%
Renter cost-burdened
55.4%
+11.4 ptssince 2009
from 44.0% in 2009
US average: 47.4%
Afford Score
4.1
+77%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
68
RELATED:See current rent listings in Panama City on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic82.5%(139,584)
Black10.8%(18,354)
Hispanic / Latino2.4%(4,074)
Asian1.5%(2,605)
Other0%
Diversity Score33.5%(56,619)
Segregation Score0%
2024
White, non-Hispanic73.1%(154,862)
Black10.3%(21,733)
Hispanic / Latino8.5%(18,087)
Asian1.9%(3,956)
Other6.3%(13,284)
Diversity Score55.5%(117,597)
Segregation Score28.8%(60,949)
Diversity Score
55
+66%since 2000
from 33 in 2000
1990 – 2024
Segregation Score
29
−4%since 2020
from 30 in 2020
Section 05

Education

Bachelor's degree or higher
27.5%
+10.8 ptssince 2000
from 16.6% in 2000
US average: 35.6%
High school or higher
90.5%
+10.7 ptssince 2000
from 79.8% in 2000
US average: 89.6%
Graduate degree
10.0%
+3.7 ptssince 2000
from 6.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.4 min
+74%since 2000
from 14.6 min in 2000
US average: 26.5
Drive alone to work
76.0%
−4.9 ptssince 2009
from 80.9% in 2009
US average: 68.9%
Carpooled to work
11.1%
−0.6 ptssince 2009
from 11.7% in 2009
US average: 8.5%
Public transit
0.3%
−0.3 ptssince 2009
from 0.6% in 2009
US average: 3.2%
Worked from home
9.7%
+7.4 ptssince 2009
from 2.4% in 2009
US average: 15.0%
Walked to work
1.2%
−0.4 ptssince 2009
from 1.6% in 2009
US average: 2.4%
Biked to work
0.4%
+0.1 ptssince 2009
from 0.3% in 2009
US average: 0.4%
No vehicle available
4.1%
−0.9 ptssince 2009
from 5.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.8%
−4.8 ptssince 2011
from 8.6% in 2011
US average: 5.2%
Labor force participation
61.6%
−1.7 ptssince 2011
from 63.2% in 2011
US average: 63.5%
Self-employed
12.2%
−1.4 ptssince 2009
from 13.6% in 2009
US average: 13.1%
Management & professional
37.4%
−25.2 ptssince 2009
from 62.6% in 2009
US average: 42.5%
Section 08

People & community

Male
50.1%
+0.3 ptssince 2009
from 49.8% in 2009
Female
49.9%
−0.3 ptssince 2009
from 50.2% in 2009
Foreign born
7.9%
+3.0 ptssince 2009
from 4.9% in 2009
US average: 14.1%
Veterans
13.1%
−35.0 ptssince 2009
from 48.1% in 2009
US average: 6.2%
With a disability
17.8%
+1.8 ptssince 2012
from 15.9% in 2012
US average: 13.3%
Uninsured
14.4%
−67.2 ptssince 2013
from 81.5% in 2013
US average: 8.4%
Broadband at home
92.1%
+13.4 ptssince 2017
from 78.7% in 2017
US average: 91.0%
English only at home
89.9%
−3.5 ptssince 2016
from 93.4% in 2016
US average: 77.7%
Spanish at home
6.2%
+3.0 ptssince 2016
from 3.2% in 2016
US average: 13.6%
In this metro

Principal cities

Panama CityCENTRAL37,806Panama City BeachCENTRAL20,375
What's inside

2 component counties

Bay CountyCENTRAL204,479Washington County26,695
Drill deeper

Metros similar to Panama City

Columbia
Pop 219,062
Athens
Pop 224,148
Medford
Pop 221,795
Punta Gorda
Pop 217,212
Places similar to Panama City
Head to head

Compare Panama City side by side

PANAMA CITY VS
Columbia
Income$72,269+1%
Home value$262,026−11%
Population219,062−5%
SEE FULL COMPARISON →
PANAMA CITY VS
Athens
Income$69,695−3%
Home value$314,999+7%
Population224,148−3%
SEE FULL COMPARISON →
PANAMA CITY VS
Medford
Income$73,999+3%
Home value$430,200+46%
Population221,795−4%
SEE FULL COMPARISON →
PANAMA CITY VS
Punta Gorda
Income$69,952−2%
Home value$328,900+12%
Population217,212−6%
SEE FULL COMPARISON →
Frequently asked

How many people live in Panama City-Panama City Beach, FL?

Panama City-Panama City Beach, FL has about 211,922 residents according to the 2024 American Community Survey.

What is the median household income in Panama City-Panama City Beach, FL?

The typical household in Panama City-Panama City Beach, FL earns about $71,687 a year. Half of households make more than that, and half make less.

Is Panama City-Panama City Beach, FL expensive?

In Panama City-Panama City Beach, FL, the median home is worth about $293,695, and the typical rent is about $1,412 a month.

How educated are people in Panama City-Panama City Beach, FL?

About 27.5% of adults age 25 and over in Panama City-Panama City Beach, FL hold a bachelor's degree or higher.

What is the poverty rate in Panama City-Panama City Beach, FL?

About 12.5% of people in Panama City-Panama City Beach, FL live below the federal poverty line.

Has Panama City-Panama City Beach, FL grown since 1990?

Yes, Panama City-Panama City Beach, FL has grown since 1990. The population has added about 68,009 residents, a change of about 47 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · METRO ROLLUP OF COMPONENT COUNTIES · UPDATED 2024

How we source and harmonize this data →